Located in the heart of Pialba, this mixed use commercial property offers a fantastic opportunity for investors or Developers looking to establish themselves in a thriving location.
The property has 3 road frontages with access on Main Street as well as Peters lane and Bakery Lane, and is zoned Mixed Use Commercial which Includes Apartments, Holiday Units, Hotel, Bars, Restaurants, Commercial Retail and Offices. With Council re-development and the Sheraton project, Hervey Bay will have more than $500 million injected into the economy
The current zoning is for 8 levels of high density mixed-use commercial development. However, recent DA precedent adjacent, provides potential opportunity to increase the height to16 levels.
• Located in Hervey Bay CBD and seaside Tourism Precinct
• Prime CBD Mixed Use Re-Development property offering spectacular north views to Fraser Island.
• Zoned Mixed Use Commercial development; Includes Apartments, Holiday Units, Hotel, Bars, Club or Entertainment, Restaurants, Commercial Retail and Offices.
• As of right to develop 8 levels, ( potential up to16 levels STCA).
• Total land Area 4,677m2 with 3 Street Frontages.
• NLA 1,631m2 with 7 Tenancies
• Current Net income is $274,891 with potential for $300,091
Call Matt Dorrough your Exclusive Harcourts Ignite agent on 0460 722 268 for more information.
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own inquiries.